Regulation / Legislation News & Media
Debit cards to provide safe disbursement of federal aid
February 3, 2008
TheFacts: People banking on a Social Security check or other federal aid to make ends meet, but lacking a financial institution in which to bank it, will have…
read nowTexas Bank's ATM and debit card system hacked
January 31, 2008
ePaynews: Fort Worth, Texas-based OmniAmerican Bank has been forced to impose unspecified restrictions on ATM and debit card transactions after hackers broke…
read nowEcobank launches Africa's first multiple currency debit card
January 29, 2008
AllAfrica.com: Africa's dominant financial brand and pioneer in card solutions, Ecobank Nigeria Plc, has added a new service offering to its debit card…
read nowHonolulu council bans panhandling near ATMs
January 22, 2008
KHNL-TV: The Honolulu City Council is expected to pass a bill banning aggressive panhandling within 10 feet of an ATM. The bill came after residents…
read nowMan gets second chance after life sentence for ATM scam
January 16, 2008
China.org: The Guangdong Supreme Court in China has thrown back a high-profile case in which a man received a life sentence for deliberately withdrawing…
read nowW.Va. settles with Visa, Mastercard over credit, debit fees
January 16, 2008
Consumer Affairs.com: The state of West Virginia has reached a settlement with Visa USA and MasterCard Worldwide, requiring each credit card companies to set…
read nowTerror suspects sentenced for ATM-related scam
January 7, 2008
(New York) Daily News: Three men accused of being part of a terrorist plot to steal $250,000 from city ATMs with bogus cards and stolen identities were on…
read nowBLOG: Diebold stock hits 7-year low
January 7, 2008
The BRAD BLOG: Jan. 4 marked another bad for Diebold Inc. The company's stock price dropped another full 6.13 percent, closing at $26.81 per share. Diebold…
read nowATM tech accused of stealing $250,000
January 7, 2008
The Associated Press: A man who services ATMs faces a charge of stealing more than $250,000 from the machines and his employer, Colby Enterprises of Kenner…
read nowTJX settles with all but one plaintiff after data-breach suit
December 26, 2007
Digital Transactions: TJX Cos. Inc. has settled with three banking associations and three individual banks that sued after a data breach that potentially…
read nowSEC investigation into Diebold's financial reporting continues
December 26, 2007
NORTH CANTON, Ohio — Diebold Inc. says it is continuing its dialogue with the Office of the Chief Accountant of the Securities and Exchange Commission…
read nowIndia-based bank proposes free inter-bank ATM services
December 25, 2007
Indian Express: The Reserve Bank of India (RBI) has proposed that banks offer free ATM services, which would take effect on April 1, 2009. Currently, banks do…
read nowATM mistakingly prints out private information
December 25, 2007
The Edmonton Sun: A Canadian resident got more than he bargained for when he made a transaction at a Royal Bank of Canada ATM earlier this month. Without…
read nowMoney Centers of America completes migration to Triple DES earlier than expected
December 20, 2007
KING OF PRUSSIA, Pa. — Money Centers of America Inc. has completed the Triple DES conversion of its ATM network, according to a news release. The migration…
read nowAustralian government halts sale of Virtual Money ATM cards in Australia
December 19, 2007
iTnews: The Australian Securities and Investments Commission (ASIC) has halted the sale of Virtual Money ATM cards in Australia. The cards, which are similar…
read nowBank becomes first to issue EMV chip cards to Vietnamese
December 19, 2007
VietNamNet Bridge: For the first time ever, credit/debit cards based on EMV smart card technology are being issued on a mass scale by a bank in Vietnam. VP…
read nowUN agency issues ATM cards to Iraqi families
December 18, 2007
(DAMASCUS, Syria) UNHCR: Acorrding to an article released by the United Nations refugee agency, UNHCR is distributing ATM cards to 7,000 needy Iraqi families…
read nowEuronet bids for Moneygram, preps for fight
December 18, 2007
Digital Transactions: Euronet Worldwide Inc., which has 67,000 money-transfer agent locations in more than 100 countries has made a $1.65 billion stock offer…
read nowBeijing man gets life for taking extra cash from ATM
December 17, 2007
Reuters: A man in China's southern city of Guangzhou got life in prison for taking 175,000 yuan (U.S. $23,695) from a malfunctioning ATM. The sentence has…
read nowWhite-label ATMs clean dirty cash?
December 17, 2007
The Canadian Press: Canada's white-label ATMs have been found to allow fraudsters to launder money with alarming ease, leaving authorities struggling to track…
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